Lianchuang Optoelectronics: Partial equity held by controlling shareholder released from pledge and re-pledged

Lianchuang Optoelectronics announced that it recently received a notification from its controlling shareholder, Electronic Group, that it had released 2.02 million shares on December 25, accounting for 2.13% of its holdings and 0.45% of the total share capital of the company. The released pledged shares will be used for further pledges. On the same day, Electronic Group pledged 2 million shares to Chongqing International Trust Co., Ltd., accounting for 2.11% of its holdings and 0.44% of the total share capital of the company, with the funds being used to repay debts. After the release and re-pledging, Electronic Group has accumulated 75.13 million pledged shares, accounting for 79.92% of its holdings and 16.79% of the total share capital of the company.